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New Member
posted Jan 6, 2023 11:14:49 AM

How are people taking the 30% credit for a biomass fuel stove? It's classified under "energy-efficient building property" but then calculates only a 10% credit!

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2 Replies
Level 15
Jan 6, 2023 11:53:08 AM

@tyrrell_shawn-ho 

 

NO...do NOT enter it under "Energy Efficient Building Property"

 

A couple years ago it went in there, but no longer.

+++++++++++++++

Go back in and take those $$ out of that line...then continue a few more pages in and enter it on one labelled

 

"Enter Any Additional Energy-Efficient Improvements"

 

 

 

 

Level 15
Jan 6, 2023 1:57:08 PM

@tyrrell_shawn-ho 

But wait....a "stove"  ???  Don't think so.

 

From the draft instructions for 2022 form 5695

 

"Qualified biomass fuel property costs. Qualified biomass fuel property costs are costs for property which uses the burning of biomass fuel to heat a dwelling unit located in the United States and used as a residence by the taxpayer, or to heat water for use in such a dwelling unit, and has a thermal efficiency rating of at least 75% (measured by the higher heating value of the fuel). Biomass fuel means any plant derived fuel available on a renewable or recurring basis."